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Let’s dive into the analysis of Bitcoin and major crypto indices. As usual, I’m going to review the New York futures session triggers for you.
⏳ 1-Hour Timeframe
As you can see in the 1-hour timeframe, yesterday after news of tensions between India and Pakistan, Bitcoin moved upward and made a sharp rally to the 97409 zone, returning once again to this high.
📰 This news created fear in the market, and the buying that occurred was driven by fear and news impact. In my opinion, this bullish leg won’t be sustainable in the long term unless the price stabilizes above the 97409 level and starts a new upward leg.
✨ If the 97409 level is broken, we can enter a long position since it aligns with the current bullish trend, and we can position ourselves for the breakout with a wide stop-loss.
✔️ But make sure your stop-loss is wide and placed below the market’s main support because a significant resistance is being broken, and there's a high chance of volatility before the market actually moves upward. A tight stop-loss may get triggered before the actual rally begins.
💥 A momentum confirmation for today’s long position could be RSI entering the Overbuy zone, and if that happens, the chances of breaking 97409 increase significantly.
📉 For a short position, we should wait and see how the news impact plays out in the market. If it turns out to be driven by FOMO, naturally in the next few days, the price may move back down, and we could enter short positions on breaks of levels like 95370 or 93626.
👑 BTC.D Analysis
Let’s move to Bitcoin Dominance. Yesterday, dominance stabilized above the 64.91 level and managed to move up to 65.25.
🎲 Currently, Bitcoin is a much better option for long positions since dominance is rising, and even breaking 65.28 would confirm another bullish leg in dominance, potentially pushing it toward the top of the channel.
📅 Total2 Analysis
Let’s analyze Total2. Yesterday, this index faked a breakdown below 1.01 and simultaneously moved upward with the news, now reaching the 1.03 zone. A break of this zone could confirm a bullish move toward 1.05.
⭐ The main trigger for a long position remains the break of 1.05, and I strongly recommend being positioned if that level is broken.
🔽 For a short position, you can still enter on a break of 1.01 — I still think it’s a valid trigger.
📅 USDT.D Analysis
Now for USDT Dominance: yesterday, this index also faked a move above the 5.20 level and has since dropped to 5.04.
💫 Activation of the 5.04 trigger could be confirmation for a long position and a sign of USDT dominance starting to decline. The main trigger remains the break of the 4.99 bottom.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Let’s dive into the analysis of Bitcoin and major crypto indices. As usual, I’m going to review the New York futures session triggers for you.
⏳ 1-Hour Timeframe
As you can see in the 1-hour timeframe, yesterday after news of tensions between India and Pakistan, Bitcoin moved upward and made a sharp rally to the 97409 zone, returning once again to this high.
📰 This news created fear in the market, and the buying that occurred was driven by fear and news impact. In my opinion, this bullish leg won’t be sustainable in the long term unless the price stabilizes above the 97409 level and starts a new upward leg.
✨ If the 97409 level is broken, we can enter a long position since it aligns with the current bullish trend, and we can position ourselves for the breakout with a wide stop-loss.
✔️ But make sure your stop-loss is wide and placed below the market’s main support because a significant resistance is being broken, and there's a high chance of volatility before the market actually moves upward. A tight stop-loss may get triggered before the actual rally begins.
💥 A momentum confirmation for today’s long position could be RSI entering the Overbuy zone, and if that happens, the chances of breaking 97409 increase significantly.
📉 For a short position, we should wait and see how the news impact plays out in the market. If it turns out to be driven by FOMO, naturally in the next few days, the price may move back down, and we could enter short positions on breaks of levels like 95370 or 93626.
👑 BTC.D Analysis
Let’s move to Bitcoin Dominance. Yesterday, dominance stabilized above the 64.91 level and managed to move up to 65.25.
🎲 Currently, Bitcoin is a much better option for long positions since dominance is rising, and even breaking 65.28 would confirm another bullish leg in dominance, potentially pushing it toward the top of the channel.
📅 Total2 Analysis
Let’s analyze Total2. Yesterday, this index faked a breakdown below 1.01 and simultaneously moved upward with the news, now reaching the 1.03 zone. A break of this zone could confirm a bullish move toward 1.05.
⭐ The main trigger for a long position remains the break of 1.05, and I strongly recommend being positioned if that level is broken.
🔽 For a short position, you can still enter on a break of 1.01 — I still think it’s a valid trigger.
📅 USDT.D Analysis
Now for USDT Dominance: yesterday, this index also faked a move above the 5.20 level and has since dropped to 5.04.
💫 Activation of the 5.04 trigger could be confirmation for a long position and a sign of USDT dominance starting to decline. The main trigger remains the break of the 4.99 bottom.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
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🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.